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Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Scandinavian Medical Solutions AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -16.78%.
The historical rank and industry rank for Scandinavian Medical Solutions AS's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:K41'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.6 Med: 41.42 Max: 46150
Current: -5.6
During the past 7 years, Scandinavian Medical Solutions AS's highest ROC (Joel Greenblatt) % was 46150.00%. The lowest was -5.60%. And the median was 41.42%.
FRA:K41's ROC (Joel Greenblatt) % is ranked worse than 57.52% of 838
companies
in the Medical Devices & Instruments industry
Industry Median: 4.145
vs FRA:K41: -5.60
Scandinavian Medical Solutions AS (FRA:K41) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Scandinavian Medical Solutions AS ROC (Joel Greenblatt) % Chart
FRA:K41 vs ABT, SYK, MDT: ROC (Joel Greenblatt) % Comparison
For the Medical Devices subindustry, Scandinavian Medical Solutions AS's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Scandinavian Medical Solutions AS ROC (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Scandinavian Medical Solutions AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Scandinavian Medical Solutions AS's ROC (Joel Greenblatt) % falls into.
Scandinavian Medical Solutions AS ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of -16.78% mean?
Scandinavian Medical Solutions AS (FRA:K41) has a ROC (Joel Greenblatt) % of -16.78% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Scandinavian Medical Solutions AS and its competitors. According to the industry distribution chart, Scandinavian Medical Solutions AS ranks #482 out of 838 companies in the Medical Devices & Instruments industry, placing it in the top 57.5%.
Is Scandinavian Medical Solutions AS's ROC (Joel Greenblatt) % too high?
Scandinavian Medical Solutions AS's current ROC (Joel Greenblatt) % is -16.78%. Based on the distribution chart, Scandinavian Medical Solutions AS ranks #482 out of 838 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Scandinavian Medical Solutions AS has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Medical Solutions AS's ROC (Joel Greenblatt) % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Scandinavian Medical Solutions AS ranks #482 out of 838 companies for ROC (Joel Greenblatt) %. This places Scandinavian Medical Solutions AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 4.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Medical Devices & Instruments company?
The median ROC (Joel Greenblatt) % among Medical Devices & Instruments companies is 4.15, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Scandinavian Medical Solutions AS and its competitors. For the Medical Devices & Instruments industry, the median ROC (Joel Greenblatt) % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Medical Solutions AS's current ROC (Joel Greenblatt) % is -16.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Medical Solutions AS stock overvalued right now?
Based on GuruFocus' analysis, Scandinavian Medical Solutions AS (FRA:K41) is currently considered Possible Value Trap. The stock's GF Value™ is €0.80, compared to a current price of €0.36 — trading 55.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is -16.78%. Scandinavian Medical Solutions AS's overall GF Score™ is 70/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Scandinavian Medical Solutions AS (FRA:K41), the current ROC (Joel Greenblatt) % is -16.78% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Scandinavian Medical Solutions AS (FRA:K41) Overvalued in 2026?
Based on GuruFocus' analysis, Scandinavian Medical Solutions AS stock appears to be undervalued.
The current stock price of €0.36 is trading 55.3% below its estimated GF Value™ of €0.80.
GuruFocus considers Scandinavian Medical Solutions AS to be Possible Value Trap.
Key valuation signals for FRA:K41:
ROC (Joel Greenblatt) %: -16.78%
GF Value™: €0.80 vs. price of €0.36 (55.3% below fair value)
No single metric tells the full story. See the FRA:K41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scandinavian Medical Solutions AS Business Description
Scandinavian Medical Solutions AS is a provider of Medical Imaging equipment. The company specializes in the acquisition, quality check, and resale of high-quality pre-owned medical imaging systems. The company supplies value-added resellers and distributors in various countries with MRI, CT, PET/CT, and other diagnostic scanners. It operates the business through three business areas, Equipment Solutions, Parts Solutions and Rental Solutions. Equipment Solutions is the company's main source of revenue, which focuses on sourcing, inspecting, and selling imaging systems such as MRI, CT, PET/CT, Cath-Lab, and Mammography units.
70GF Score
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